MICROECONOMICS
MICROECONOMICS
11th Edition
ISBN: 9781266686764
Author: Colander
Publisher: MCG
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Chapter 9, Problem 13QE
To determine

The effect of globalisation in making rich richer and poor poorer.

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The African Continental Free Trade Area is a key strategic agreement undertaken by the African Union in recent years. Choose a case from amongst the countries listed below and discuss the challenges and opportunities which exist for this country in entering into this agreement. You can choose a particular industry or product which the country exports/imports to make your case.   Lesotho Ghana Mozambique
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On the 1st of April 2018, the South African National Treasury increase the value-added tax rate from 14% to 15%. This policy change had a wide-ranging impact on society. Discuss some of the benefits and drawbacks of making use of this type of tax to generate government revenue and what we may expect in terms of its impact on inflation and GDP growth within the economy.
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